Multibagger Penny Stock from ₹1 Lakh to ₹5.67 Crore in about 3 Years

As per the share price history of this Multibagger Penny stock, Flomik Global Logistics share prices have increased from 10.37 The level of 198.45 in the last six months, rose to about 1,913 per cent during this period. Year after year i.e. in 2021, this money moved north from the stock 1.95 per piece 198.45 level, giving approximately 10,176 per cent return to its shareholders.

If an investor had invested 1 lakh in this penny stock three years ago, its would have turned into 1 lakh 5.67 crores today.

Shares hit 52-week high 52-week low of 216 on October 28, 2021 and 1.53 on December 8, 2020. In the September quarter, the firm reported a 17.65% decline in net profit.

What are multibagger stocks?

Multibagger stocks are known to multiply your wealth by leaps and bounds, as the returns on such investments are tremendous. You can easily identify multibagger shares by looking at the performance of the issuing company. Multibagger stocks have higher earnings per share, thereby increasing your dividend income on the investment amount.

Despite a possible outbreak of a new variant of the coronavirus—Omicron—worldwide. Financial markets have become more volatile than before and sentiments have been bearish for a short period of time. “Amidst these volatile times, there are some hidden gems in the market which are poised to outperform with their strong balance sheet, leadership position and are virtually debt free. Ankur Saraswat, Research Analyst, Trustline Securities, said, “Empirically, they have managed to deliver good returns in the past and will continue to grow shareholders’ wealth going forward.

Flomik Global Logistics

Flomik Global Logistics Limited works as a Logistics company. The company serves customers worldwide, providing warehousing, distribution, freight forwarding, customs broking, cargo, consolidation, multimodal transportation and country trading services.